The Senate President, Godswill Akpabio, has asserted that President Bola Tinubu’s economic reforms, including the removal of fuel subsidy and the unification of foreign exchange rates, were difficult but necessary measures designed to place the economy on a more sustainable footing.
PrimeTimes Nigeria reports that Akpabio, in a statement issued on Thursday to commemorate Tinubu’s third anniversary in office, commended Tinubu’s leadership, arguing that key policy decisions and development projects under the Renewed Hope Agenda are beginning to reshape the country’s economic outlook.
According to Akpabio, the Tinubu government’s economic and infrastructure reforms are necessary steps towards long-term national development.
The Senate President pointed to major government initiatives, including the Lagos–Calabar Coastal Highway, the Nigerian Student Loan Scheme, the Renewed Hope Housing Programme, the rollout of compressed natural gas (CNG) buses and conversion centres, tax reform efforts, and the completion of the OB3 gas pipeline project, as evidence of the administration’s reform drive.
He stated, “The courage to remove fuel subsidy, unify exchange rates, and drive infrastructure despite global headwinds shows a President committed to long-term prosperity over short-term comfort.”
Akpabio also reaffirmed the 10th National Assembly’s commitment to supporting the administration through legislation to sustain ongoing reforms.
Beyond celebrating the administration’s achievements, Akpabio further expressed hope for the successful completion of the President’s tenure and victory in the forthcoming elections.